Refi Business With Primary MI Jumps in First Quarter April 10, 2024 Namrata Bhatia The share of refis with MI coverage in the agency MBS market grew from 10.3% in the fourth quarter of 2023 to 14.6% in the first quarter.Read More
Morgan Stanley Ramps Up GSE-Eligible IPL Non-Agency MBS April 10, 2024 Brandon Ivey Morgan Stanley is packaging GSE-eligible mortgages for investment properties into non-agency MBS.Read More
Agency MBS Issuance Picks Up in March April 9, 2024 John Bancroft Agency securitization of purchase loans looks to have turned a corner in March, with volume rising 13.5% from February.Read More
Short Takes: Rocket Speeds Loan Process With AI / AI Officer at FHFA / Pretium Affiliate Wins NPL Auction / CMBS Investor Changes Hands April 9, 2024 Brandon Ivey Rocket plans to offer its AI platform to other companies later this year.Read More
First-Quarter Agency MBS Volume Up on Annual Basis April 5, 2024 John Bancroft Purchase-mortgage volume at Ginnie Mae increased by 13.9% on an annual basis in the first quarter of 2024.Read More
ABS Market Braces for Fallout From CFPB Court Victory April 5, 2024 Shannon Clark The U.S. Court of Appeals for the Third Circuit held that National Collegiate Student Loan Trust student loan ABS are covered persons subject to the CFPB’s authority under the Dodd-Frank Act.Read More
Fitch Warns of ‘Global Contagion’ From Commercial Loans April 3, 2024 Brandon Ivey Fitch said issues with commercial loans could prompt the failure of “a moderate number of predominantly smaller banks.”Read More
Short Takes: Altisource Shifts From Mortgages to EV Tech / Applications Down Slightly / Farmer Mac Sees Strong Demand / HUD’s Vacant Lot Sale April 3, 2024 Brandon Ivey Altisource Asset Management is working on a control system that increases the efficiency of electric vehicles.Read More
Mortgage REIT to Drop Mortgages and REIT Status April 2, 2024 James Dohnert Ellington Residential Mortgage REIT will rename and shift focus to investing in collateralized loan obligations.Read More
Mixed Trends in Latest Non-Agency MBS April 2, 2024 Brandon Ivey Angel Oak Companies, Lone Star Funds and Redwood Trust kicked off the second quarter of 2024 with new non-agency MBS offerings.Read More